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Fuse Market Size, Trends, Demand and Growth Forecast to 2023

The fuse market is growing at a considerable rate due to tough competition among existing players, increased expenditure on renewable energy sources, increasing demand of power transmission equipment, and growing industrialization and urbanization globally. Rising demand of power is creating ample opportunities for the fuse market to grow in the coming years.

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On the basis of component configuration, the fuse market can be categorized as industrial grade power fuse, miniature glass cartridge fuse, thick and thin film chip fuse, radial leaded micro fuse, polymer PTC resettable fuse, and automotive blade fuse. On the basis of type, the global fuse market can be categorized as renewable cartridge fuse, non-renewable cartridge fuse, non-renewable plug fuse, fuse holder, special purpose fuse, fuse blocks, renewal links or element, and miscellaneous fuse.

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On the basis of voltage level, the fuse market can be categorized as high voltage fuse, medium voltage fuse, and low voltage fuses. On the basis of end-user industries, the fuse market can be classified as automotive, electronics and electrical equipment, residential building construction, non-automotive transportation equipment, and non-residential building construction.

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Some of the competitors in the fuse market are Mitsubishi Materials Corporation, Eaton Corporation, Panasonic Electronic Devices Co., Ltd., Ta-I Technology Co., Ltd., Littelfuse, Inc., Sano Corporation, TE Connectivity Ltd., Polytronics Technology Corporation, ABB Ltd., Mersen, Matsuo Electric Co Ltd, and Bel Fuse Inc.

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